Business

April 25, 2018 - 3:20 pm
WILMINGTON, Del. (AP) — After a six-week trial, jurors began deliberating Wednesday in the fraud and conspiracy case against four former executives of the only financial institution to be criminally charged in connection with the federal bank bailout program. The judge gave the case to the jury...
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Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, April 25, 2018. Stocks are opening lower, extending the market's losses, after several companies reported weak results or warned of higher costs. (AP Photo/Richard Drew)
April 25, 2018 - 2:45 pm
NEW YORK (AP) — U.S. stocks are wobbling Wednesday as investors continued to worry that growing costs for critical materials along with rising interest rates will affect profit growth for companies. U.S. bond yields are rising again and setting four-year highs while oil prices are at three-year...
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April 25, 2018 - 8:41 am
LONDON (AP) — Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment. The company said in a statement Wednesday that revenue rose to 7.22 billion pounds ($10.1 billion) from 7.38...
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FILE- In this Feb. 5, 2018, file photo, Boeing worker Paul Covaci reaches out to touch a Boeing 737 MAX 7, the newest version of Boeing's fastest-selling airplane, during a debut for employees and media of the new jet in Renton, Wash. Boeing Co. reports earnings Wednesday, April 25, 2018. (AP Photo/Elaine Thompson, File)
April 25, 2018 - 8:37 am
NEW YORK (AP) — Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter. The aircraft maker also boosted its 2018 profit outlook and cited a strong backlog on orders. It expects to increase production of...
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This image provided by Juul Labs on Tuesday, April 24, 2018 shows the company's e-cigarette device. On Tuesday, federal health officials announced a nationwide crackdown on underage use of a popular e-cigarette brand following months of complaints from parents, politicians and school administrators. Juul Labs says it monitors retailers to ensure they are following the law, and its age verification system searches public records and sometimes requires customers to upload a photo ID. (Courtesy of Juul Labs via AP)
April 25, 2018 - 8:32 am
WASHINGTON (AP) — The maker of a much-debated e-cigarette popular with teenagers says it will spend $30 million in an effort to keep its products out of the hands of children. The announcement from Juul (JOO'-uhl) Labs comes one day after the Food and Drug Administration questioned the design and...
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A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, April 25, 2018. Asian shares dipped Wednesday, mirroring a sell-off on Wall Street on worries over slowing growth and falling profits. (AP Photo/Koji Sasahara)
April 25, 2018 - 8:14 am
TOKYO (AP) — Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the cost of borrowing and companies' raw materials. KEEPING SCORE: France's CAC 40 was down 0.8 percent to 5,399, while Germany's DAX fell 1.7 percent to 12,343...
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FILE- In this Feb. 8, 2018, file photo the logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. Twitter reports earnings Wednesday, April 25, 2018. (AP Photo/Richard Drew, File)
April 25, 2018 - 7:24 am
SAN FRANCISCO (AP) — Twitter is reporting its second profitable quarter with very strong profit and revenue numbers, sending shares up sharply in premarket trading. The company posted earnings of $61 million Wednesday, or 8 cents per shares. Adjusted for one-time gains and costs, per-share earnings...
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April 25, 2018 - 6:41 am
LONDON (AP) — U.S. media conglomerate Comcast has made a 22 billion pound ($30 billion) bid for London-based pay TV operator Sky in move that threatens a rival bid by Rupert Murdoch. Comcast CEO Brian Roberts says his company's cash offer values each Sky share at 12.50 pounds, above the 21st...
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A man steers his motor boat on the river Main with the banking district in background as the sun sets in Frankfurt, Germany, Tuesday, April 24, 2018.(AP Photo/Michael Probst)
April 25, 2018 - 6:27 am
BERLIN (AP) — The German government has trimmed its economic growth forecast this year to 2.3 percent, though it says the outlook remains good and is predicting that growth next year will be almost as strong. The forecast presented Wednesday is slightly lower than the government's prediction in...
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Attendees look at the Tang SUV by Chinese automaker BYD after a press conference at the China Auto Show in Beijing, Wednesday, April 25, 2018. Auto China 2018, the industry's biggest sales event this year, is overshadowed by mounting trade tensions between Beijing and U.S. President Donald Trump, who has threatened to hike tariffs on Chinese goods including automobiles in a dispute over technology policy. (AP Photo/Mark Schiefelbein)
April 25, 2018 - 6:25 am
BEIJING (AP) — A state-owned Chinese automaker announced plans Wednesday to produce electric vehicles in South Africa, highlighting the growing role of the world's largest auto market in a technology seen as the global industry's future. BAIC Group's announcement at the Beijing auto show, the...
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